clarification on SEBI and IRDA rules

mohit arora (Querist) 15 April 2008 This query is : Resolved
RESPECTED SIR ,
PL HELP ME IN THIS COMPLEX LEGAL PROBLEM, I AM A LIC AGENT BUT NOW I WANT TO DO THE JOB MEANS ON ROLE OF RELATIONSHIP MANAGER IN THE AMC OF A MUTUAL FUND HOUSE. JOB MEANS EMPLOYEE- EMPLOYER RELATION . WHETHER AMC CAN OBJECT FOR MY LIC AGENCY, IF THEY ASK ME TO SURRENDER MY AGENCY OR NOT ? WHAT IS EXACT RULES OF THE SEBI IN THIS REGARD?

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Manish Singh (Expert) 21 April 2008
SEBI rules are meant for security exchanges only.

SANJAY DIXIT (Expert) 16 June 2008
According to service rules and standing orders of various companies also you can't run any agency parellel to your job.
It will be better if you take the LIC agency in the name of any other member of your family.

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